SINGAPORE — Shares in Asia-Pacific rose in Tuesday morning trade as investors continued to monitor the situation surrounding the omicron Covid variant.
Japanese stocks led gains regionally, with the Nikkei 225 in Japan rising 1.75% while the Topix index advanced 1.54%. South Korea’s Kospi climbed 0.38%.
Mainland Chinese stocks rose, with the Shanghai composite up about 0.3% while the Shenzhen component advanced 0.549%.
Shares in Australia also rose as the S&P/ASX 200 gained 0.47%.
MSCI’s broadest index of Asia-Pacific shares outside Japan traded 0.51% higher.
Investors continued to track the situation around the omicron variant, which has cast a shadow over the festive holiday period as curbs have already been introduced in countries across Europe.
Global stocks tumbled on Monday as concerns surrounding the fast-spreading omicron strain weighed on investor sentiment.
Overnight stateside, the major averages dropped more than 1% each amid the uncertainty around omicron. The Dow Jones Industrial Average fell 433.28 points, or 1.23%, to 34,932.16 while the S&P 500 shed 1.14% to 4,568.02. The Nasdaq Composite declined 1.24% to 14,980.94.
Currencies and oil
The U.S. dollar index, which tracks the greenback against a basket of its peers, was at 96.506 — off levels above 96.6 seen recently.
The Japanese yen traded at 113.57 per dollar, stronger than levels above 114 seen against the greenback last week. The Australian dollar was at $0.7113, still struggling to recover after last week’s decline from above $0.72.
Oil prices were higher in the morning of Asia trading hours, with international benchmark Brent crude futures up 0.67% to $72 per barrel. U.S. crude futures rose 0.87% to $69.21 per barrel.
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